Wolf Popper LLP Announces Investigation on Behalf of Investors in Gatos Silver, Inc.

New York, New York--(Newsfile Corp. - January 26, 2022) -  Wolf Popper LLP is investigating potential securities claims on behalf of purchasers of Gatos Silver, Inc. ("Gatos") common stock (NYSE: GATO).

Gatos is predominantly a silver exploration, development and production mining company with operations in Mexico. Gatos owns a 70% stake in the Los Gatos Joint Venture (LGJV). Gatos's two projects include the Cerro Los Gatos mine (CLG) and the Los Gatos District which is comprised of over a 100,000-hectare land position.

After the market closed on January 25, 2022, Gatos issued a press release disclosing there were errors in a July 1, 2020 technical report and there was an overestimation of the company's resource model. Gatos believes the metal content of the CLG mine will be reduced by 30% to 50%. This overestimation could constitute an event of default under Gatos's credit facility and may also have a financial statement impact.

On this news, Gatos's intraday stock price has fallen $6.67 per share, or over 68%, during the trading day on January 26, 2022.

Investors who have lost over $50,000 trading in Gatos's common stock and who would like to discuss the investigation should contact Joshua Ruthizer at (212) 451-9668, (877) 370-7703, or jruthizer@wolfpopper.com.

Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper's reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm's website at www.wolfpopper.com.

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Wolf Popper LLP
Joshua W. Ruthizer
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9668
Tel.: (877) 370-7703
Email: jruthizer@wolfpopper.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111782